I like that there is a generous selection of deposit and withdrawal methods for us to choose from. You can use a credit card, bank transfer or an online payment processor such as Neteller, Skrill, FasaPay and Sofort. They are also one of a few brokers that accept cryptocurrency payments with Bitcoin. You can trade forex with a vast range of major, minor and exotic FX currency pairs with tight spreads, fast execution, flexible leverage and liquidity from 14 of the world’s leading banks. Axi offer weekly free webinars which cover a range of topics ranging market analysis, trade management, trading psychology and much more.
The conversion fee is the exchange rate plus a markup obtained from liquidity providers. These are charged based on trade volume (though, they are sometimes fixed); The higher the volume of your trade, the higher your commission. For instance, Axi charges a commission of $3.50 per standard trade lot (which makes a $7 round-trip charge). However, if you use a standard account, you won’t be charged a commission.
Axi Withdrawal Fee
If funds have not arrived after the indicated time, you can contact their 24-hour support team which is available 24 hours a day, Monday to Friday. First, you need to complete axi forex broker the application by filling up the form. Second, in order to help protect your account, Axitrader requires verification in the form of sending an ID to confirm your identity.
- With this broker, you can trade a wide variety of assets, and their main advantage is the low minimum deposit of just $10.
- In general,
Axi provides trading service in
Forex , Gold & silver , CFD , Oil , Stocks , Indexes , Metals and Crypto . - I didn’t have any problems during signup and completed it within minutes.
- The MT4 forex trading platform is ideal for forex traders of all levels.
Axi has taught me what trading is all about earning, though still afraid of trading with no full knowledge in it. Axi has giving me confidence and chance to trade in a safety way.. In this section of our Axi review we highlight 6 special features that deserves extra attention. Our expert guides and analysis have everything you need to hit the ground running. From our assessment, Axi is trustworthy due to its compliance with multiple regulatory requirements and its readiness to handle and resolve all customer complaints. Yes, Axi is regulated by four different regulatory bodies across its many locations.
Still, let us review each of the available asset groups in detail. All clients with balances of more the $20,000 are automatically covered by the Client Money Insurance policy backed by Lloyds of London. Keep in mind that although they do not charge any funding fees, there may be some third-party fees when using certain payment methods. Bank transfers may take a few business days to clear whereas card payments and e-Wallets can be instant.
What is Axi’s commission fee?
I recommend traders check with their preferred one to ensure the most cost-efficient method. Traders must request withdrawals from the secure client portal, and the name of the Axi account must match the one on the payment processor or bank account. I like the hassle-free withdrawal approach at Axi, as it adds to peace of mind when trading. Trading Forex, CFD, Binary Options, and other financial instruments carry a high risk of loss and are not suitable for all investors.
Supported Devices
It is possible to lose some or all of your money and investment. Practice caution and see financial advice when unsure because what we offer here is NOT financial advice. We provide objective and unbiased reviews, analysis and commentary. We verify some of our data for quality control but there are slight variations occasionally.
Axi Education
It is a social online platform for automation where you can copy the best traders to profit when they make money. With this copy tool, you can very easily choose which trader you want to follow. Many traders also share their strategies that you can use for your own results. Here’s a comprehensive review of its user-friendly platform, customer support, tradable assets including stocks, forex, commodities, and indices, and more. Customers can add Smart Trader Tools plugins as extra features to their MetaTrader accounts, though the platform doesn’t seem to have very many of them. The additional services the site offers to aid trading include, MT4 VPS Hosting and MyFxBook Autotrade.
Axi offers 24/7 customer support via e-mail, live chat, or eleven toll-free numbers, but I did not find an FAQ section. Axi explains its products and services well, and I believe most traders will not require assistance. In case of emergencies, Axi customer support is easily accessible. While Axi offers a demo account with flexible options concerning the account balance, base currency, and leverage, it is limited to 30 days.
On the other hand, when it comes to pretty much any other asset class, they’re well below their competition. From humble beginnings in 2007, Axi has rapidly grown to encompass a large portion of the forex market. Our Axi review found out that they offer one of the best trading platforms globally and other unique features.
Trade with a Regulated Broker
Once you’re on the Customer Portal, select Withdraw Earnings (on the left-hand corner), select the appropriate withdrawal mode for your account, and then follow the instructions. There are dedicated account managers whenever you need a direct point of contact for more personalized service. You can also request a callback by filling up the ‘Request A Call Back,’ and an agent from AxiTrader will get in touch with you and assist you with your needs. You should not worry about your personal details as the website of Axi is encrypted to secure your personal information. Also, with regard to sending your ID, this may be done electronically. Once you choose a market, you can decide on what asset you want to analyze.
Is Axi regulated?
Users complain of everything from their money being stuck to poor customer service. This user says they had to wait to receive their withdrawal for up to a month at the time of his review and had to go through an arduous back-and-forth with the platform’s service team. Internet banking and crypto payment options are not available in every region, however.
In the same process, they also changed their existing website from axitrader.com to axi.com to match its efforts to revamp the AxiCorp brand. Founded in 2007, the formerly named AxiTrader launched the Axi brand in 2020. Today the Australian forex and contract for differences (CFD) broker services over 60,000 clients in 100 countries across the globe. For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. This includes pros, cons and an overall rating based on our findings. We aim to help you find the best broker according to your own needs.
Before we conclude, we will give you our free best alternatives in case you are not sure if the broker is a good fit for you. All these alternatives are highly reputed and regulated brokers, but they all come with pros and cons. There are two Axi account types that impact the fx broker costs when trading with Axi. A CFD is a contract between traders where the buyer pays the seller the difference between the current asset value and the value of the asset when the contract closes.
These include a set of analytic tools and windows for global variables. While forex and crypto trading involves trading in currency pairs, commodity trading involves trading in raw materials such as oil and precious metals like gold and silver. Of course, both forex/crypto and commodities involve the use of leverages, but the former requires a lot more leveraging than the latter. According to Axi, trading commodities on their platform is less about trading in the actual materials and more about trading the underlying price movements of the relevant commodities. Autochartist provides the bulk of research content at Axi, but the Axi blog also features a weekly market review. It is well written and features charts with easy-to-understand trading ideas.